That is not to say that a small percentage of funds invested into Profit Alliance Group may be put towards cryptocurrency mining, just that it’s obviously not the primary source of ROI revenue generation.

WHERE IS YOUR MINIG [sic] FARM LOCATED?

A: For security reasons, we do not disclose the exact location of our mining farms.

The only verifiable source of revenue entering Profit Alliance Club is affiliate investment.

The use of newly invested funds to pay off existing investors makes Profit Alliance Club a Ponzi scheme.

Despite this, Profit Alliance Club claim to be a company that is “trusted, legitimate and ethical”.

With Diego Noriega based in the US, regulation of Ponzi schemes falls under the purview of the SEC. To that end Profit Alliance Club offer up a hilariously weak attempt at pseudo-compliance;

As a private transaction, this program is exempt from the US Securities Act of 1933, the US Securities Exchange Act of 1934 and the US Investment Company Act of 1940 and all other rules, regulations and amendments thereof.

We are not FDIC insured. We are not a licensed bank or a security firm.

Yeah no, I’m sure that’ll put the SEC in their place. They won’t dare investigate Profit Alliance Club with a legally binding disclaimer like that.

The bottom line is Profit Alliance Club has been set up to capture naive investors who will swallow the ruse that 8% daily ROIs are possible through cryptocurrency mining.

This program was not designed for professional business people. It was designed for moms, dads, high school graduates, waiters and waitresses, passionate creative’s, college dropouts and anyone in between.

The only people who will make money in the scheme are Noriega and friends who have followed him from scam to scam.

This money will be earned through various pre-loaded positions loaded in at the $1250 level, with everybody else paid whatever peanuts are left over.

Once Profit Alliance Club recruitment dies down, the scheme collapses and the majority of investors take a loss.